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In a change to immigration policy during 2012, "people younger than 30 who came to the Un

In a change to immigration policy during 2012, "people younger than 30 who came to the Un

 In a change to immigration policy during 2012, "people younger than 30 who came to the United States before the age of 16, pose no criminal or security threat, and were successful students or served in the military can get a two-year deferral from deportation, Homeland Security Secretary Janet Napolitano said," according to CNN, 06/16/2012.  If many of these immigrates had previously been afraid to work, now as a result of being able to work legally,

A) both the short-run and long-run aggregate supply curves shift rightward.

B) only the long-run aggregate supply curve shifts rightward.

C) only the short-run aggregate supply curve shifts rightward.

D) neither the short-run nor the long-run supply curve shift.

 

61) In a change to immigration policy during 2012, "people younger than 30 who came to the United States before the age of 16, pose no criminal or security threat, and were successful students or served in the military can get a two-year deferral from deportation, Homeland Security Secretary Janet Napolitano said," according to CNN, 06/16/2012.  If many of these immigrates had previously been afraid to work, now as a result of being able to work legally,

A) the long-run aggregate supply curve shifts leftward and potential GDP decreases.

B) the short-run aggregate supply curve shifts rightward but potential GDP does not increase.

C) the long-run aggregate supply curve shifts rightward and potential GDP increases.

D) neither the short-run nor the long-run supply curve shifts.

 

 

62) All of the following shift the LAS curve EXCEPT

A) a change in the capital stock.

B) an increase in the money wage rate.

C) an increase in the stock of human capital.

D) technological progress.

 

 

63) All of the following shift the short-run aggregate supply curve EXCEPT

A) a change in the price level.

B) a change in the money wage rate.

C) a change in the price of a raw material.

D) technological progress.

 

 

64) Which of the following directly shifts the short-run aggregate supply curve?

A) a change in aggregate demand

B) a change in the price level

C) a change in resource prices

D) all of the above

 

65) Which of the following shifts the short-run aggregate supply curve?

I.changes in the size of the labor force

II.changes in the money wage rate

A) I only

B) II only

C) both I and II

D) neither I nor II

 

 

66) The short-run aggregate supply curve shifts leftward when the

A) price level increases.

B) general level of technology advances.

C) money wage rate increases.

D) availability of on-the-job training expands to all workers.

 

 

67) Suppose there is a temporary increase in the price of oil. This is represented by

A) a leftward shift of the SAS and the LAS curve.

B) a leftward shift of the LAS curve.

C) a rightward shift of the SAS curve.

D) a leftward shift of the SAS curve.

Abhinav 07-Dec-2019

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